Jobs
Egypt Hikes Private-Sector Wages Again After Pound Devaluations
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Egypt hiked the minimum wage for private-sector workers for the second time in six months, as a series of dramatic currency devaluations leaves tens of millions of people struggling with soaring living costs.
The National Council of Wages approved raising the figure 11% to 3,000 Egyptian pounds ($97.10) per month, Planning Minister Hala El-Saeed said in a statement Tuesday. In December, authorities upped the minimum wage to 2,700 pounds from the level of 2,400 pounds set a year before.